Husqvarna stock falls as SB1 cuts its target to SEK 35

Published on 09/22/2026 at 13:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Husqvarna stock closed at SEK 34.48 on September 21, 2026, down 25.87 percent year to date. SB1 expects Forest and Garden to shrink 8 percent in Q3.

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Husqvarna stock closed at SEK 34.48 on Nasdaq Stockholm on September 21, 2026, after a daily decline of 0.43 percent and a year-to-date decline of 25.87 percent. The immediate market focus is SB1 Markets' reduced price target and its weaker third-quarter expectations.

SB1 cuts target to SEK 35

According to Placera on September 22, 2026, SB1 Markets lowered its Husqvarna price target from SEK 40 to SEK 35 while maintaining a Neutral recommendation. The new target is only SEK 0.52 above the September 21 closing price.

The downgrade is tied to a weaker operating outlook rather than a change in the company's long-term identity. EFN reported on September 22, 2026, that SB1 expects negative organic growth in the third quarter and reduced its 2026 to 2028 earnings forecasts by 7 to 12 percent.

Forest and Garden under pressure

The most concrete operating comparison concerns Husqvarna's largest division. According to Placera, SB1 expects Forest and Garden to decline 8 percent in the third quarter, while Gardena is forecast to grow 15 percent. That 23 percentage point gap makes product mix and seasonal demand central to the next report.

EFN also said on September 22, 2026, that SB1 expects free cash flow to struggle to cover the dividend this year, although the analyst still assumed an unchanged dividend of SEK 1.25 per share. Net debt at two times EBITDA was cited against Husqvarna's long-term ceiling of 2.5 times.

Stock trades near revised target

The September 21 closing price of SEK 34.48 on Nasdaq Stockholm sits below SB1's revised SEK 35 target and far below the average target of SEK 42.60 shown in the same market overview. The stock's 5-day change was negative 5.92 percent, adding a short-term risk signal to the longer-term concern about demand and cash conversion.

Husqvarna stock closes at SEK 34.48

Husqvarna stock closed at SEK 34.48 on Nasdaq Stockholm on September 21, 2026, with a daily change of minus 0.43 percent. The next reported operating comparison is the third-quarter outlook, where SB1 sees Forest and Garden down 8 percent and Gardena up 15 percent.